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RES 87418
City of Pleasanton
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RES 87418
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12/6/1999 11:19:45 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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from its liability hereunder to defend the validity hereof and <br />to perform such agreements and covenants. <br /> <br /> So long as any Certificates are Outstanding, neither <br />the Corporation nor the City will create or suffer to be <br />created any pledge of or lien on the Base Rental Payments <br />other than the pledge and lien hereof. <br /> <br /> SECTION 6.05. Prosecution and Defense of Suits. <br />The City will promptly, upon request of the Trustee or any <br />Owner, take such action from time to time as may be necessary <br />or proper to remedy or cure any cloud upon or defect in the <br />title to the Demised Premises or Capital Projects I and II or <br />any part thereof, whether now existing or hereafter <br />developing, will prosecute all actions, suits or other <br />proceedings as may be appropriate for such purpose and will <br />indemnify and save the Trustee and every Owner harmless from <br />all cost, damage, expense or loss, including attorneys' fees, <br />which they or any of them may incur by reason of any such <br />cloud, defect, action, suit or other proceeding. <br /> <br /> The City will defend against every action, suit or <br />other proceeding at any time brought against the Trustee or <br />any Owner upon any claim arising out of the receipt, deposit <br />or disbursement of any of the Base Rental Payments or <br />involving the rights of the Trustee or any Owner hereunder; <br />provided, however, that the Trustee or any Owner at its or his <br />election may appear in and defend any such action, suit or <br />other proceeding. The City will indemnify and hold harmless <br />the Trustee and the Owners against any and all liability <br />claimed or asserted by any person arising out of any such <br />receipt, deposit or disbursement, and will indemnify and hold <br />harmless the Owners and the Trustee against any attorneys' <br />fees or other expenses which any of them may incur in <br />connection with any litigation or otherwise in connection with <br />the foregoing to which any of them may become a party in order <br />to enforce their rights hereunder or under the Certificates, <br />provided that such litigation shall be concluded favorably to <br />such Owners' contentions therein. <br /> <br /> SECTION 6.06. Accounting Records and Statements. <br />The Trustee will keep proper accounting records in which <br />complete and correct entries shall be made of all transactions <br />relating to the receipt, deposit and disbursement of the <br />Rental Payments, and such accounting records shall be <br />available for inspection by the Corporation, the City or any <br />Owner or his agent duly authorized in writing at reasonable <br />hours and under reasonable conditions. Not later than <br />in each year, commencing on , 198 and <br />continuing so long as any Certificates are Outstanding? the <br />Corporation will furnish to the Trustee, the City and any <br /> <br /> 36 <br />1451S <br /> <br /> <br />
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